Similar Search Results

Does it take two to tango? Improving cooperation between the IMF and the World Bank: theory and empirical evidence

Marchesi, Silvia; Sabani, Laura - Dipartimento di Economia, Metodi Quantitativi e … - 2014

-Fund strong complementarities, we show that strategic communication is indeed the primary source of loss for the two institutions … beneficial effect is reduced by factors preventing full communication, such as the degree of Bank-Fund competition and the …

Persistent link: https://www.econbiz.de/10010936520

Agency and communication in IMF conditional lending: theory and empirical evidence

Marchesi, Silvia; Sabani, Laura; Dreher, Axel - Dipartimento di Economia, Metodi Quantitativi e … - 2009

The combination of special interest politics (agency problems) and informational asymmetries presents serious problems as the implementation of conditionality is concerned. In this paper we focus on the role that the transmission of information between the IMF and the borrowing government has...

Persistent link: https://www.econbiz.de/10005256353

Agency and Communication in IMF Conditional Lending: Theory and Empirical Evidence

Marchesi, Silvia; Sabani, Laura; Dreher, Axel - CESifo - 2009

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...

Persistent link: https://www.econbiz.de/10005051565

Does it take two to tango? How to improve cooperation between the IMF and the World Bank

Marchesi, Silvia; Sabani, Laura - Dipartimento di Economia, Metodi Quantitativi e … - 2013

Despite a series of official agreements aimed at strengthening Bank-Fund cooperation, it is widely believed that coordination between the two organizations often falls short of what should be rationally expected. A greater pressure for conformity, required by the need of coordination, may...

Persistent link: https://www.econbiz.de/10010618391

Let's Talk: How Communication Affects Contract Design

Brandts, Jordi; Charness, Gary; Ellman, Matthew - CESifo - 2012

shock and a discretionary buyer transfer. In the absence of communication, we find that rigid contracts are more frequent … and lead to higher earnings for both buyer and seller. By contrast, in the presence of communication, flexible contracts … considerably more from flexible with communication than rigid without communication. Our results show quite strongly that …

Persistent link: https://www.econbiz.de/10010558687

Information transmission and ownership consolidation in aid programs

Dreher, Axel; Marchesi, Silvia - Dipartimento di Economia, Metodi Quantitativi e … - 2013

This paper explores the role of information transmission in explaining donors' choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a "delegation-scheme". Conversely, project...

Persistent link: https://www.econbiz.de/10010901428

Information transmission within federal fiscal architectures: Theory and evidence

Dreher, Axel; Gehring, Kai; Kotsogiannis, Christos; … - Dipartimento di Economia, Metodi Quantitativi e … - 2013

’ consists of unverifiable information and the quality of communication depends on the conflict of interests between the …

Persistent link: https://www.econbiz.de/10010692435

Information Transmission within Federal Fiscal Architectures: Theory and Evidence

Dreher, Axel; Gehring, Kai; Kotsogiannis, Christos; … - CESifo - 2013

of unverifiable information and the quality of communication depends on the conflict of interests between the government …

Persistent link: https://www.econbiz.de/10010693469

Information Transmission and Ownership Consolidation in Aid Programs

Dreher, Axel; Marchesi, Silvia - CESifo - 2013

This paper explores the role of information transmission in explaining donors’ choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a “delegation-scheme.” Conversely,...

Persistent link: https://www.econbiz.de/10010701088